Branu (TSE:460A) Beneish M-Score: -0.74 (As of Jun. 27, 2026)


TSE:460A Branu Inc TSE:460A
17 GF Score
Price 円915.00
! 1 Warning Sign
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What is Branu Beneish M-Score?

Branu TSE:460A -2.97% 17 Beneish M-Score is -0.74 as of Jun. 27, 2026. GuruFocus rates TSE:460A with a GF Score™ of 17/100. The stock has 1 warning sign investors should review. Among 2,634 Software companies, Branu ranks worse than 90.62% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Warning Sign:

Beneish M-Score -0.74 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Branu's Beneish M-Score or its related term are showing as below:

TSE:460A' s Beneish M-Score Range Over the Past 10 Years
Min: -0.74   Med: -0.74   Max: -0.74
Current: -0.74

During the past 3 years, the highest Beneish M-Score of Branu was -0.74. The lowest was -0.74. And the median was -0.74.

Branu Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Branu's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Branu Beneish M-Score Chart

Branu Annual Data
Trend Oct23 Oct24 Oct25
Beneish M-Score
0.00 0.00 -0.74

Branu Quarterly Data
Oct23 Oct24 Jul25 Oct25 Apr26
Beneish M-Score 0.00 0.00 0.00 -0.74 0.00

TSE:460A vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, Branu's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Branu Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Branu's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Branu's Beneish M-Score falls into.


TSE:460A
17GF Score
Branu Inc TSE:460A
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Branu Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Branu for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 1.2654+0.528 * 0.9591+0.404 * 3.2238+0.892 * 1.5034+0.115 * 1.9895
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9269+4.679 * -0.003763-0.327 * 0.8172
=-0.74

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Oct25) TTM:Last Year (Oct24) TTM:
Total Receivables was 円199 Mil.
Revenue was 円2,123 Mil.
Gross Profit was 円1,730 Mil.
Total Current Assets was 円1,042 Mil.
Total Assets was 円1,219 Mil.
Property, Plant and Equipment(Net PPE) was 円62 Mil.
Depreciation, Depletion and Amortization(DDA) was 円11 Mil.
Selling, General, & Admin. Expense(SGA) was 円1,398 Mil.
Total Current Liabilities was 円419 Mil.
Long-Term Debt & Capital Lease Obligation was 円376 Mil.
Net Income was 円242 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円247 Mil.
 Total Receivables was 円104 Mil.
Revenue was 円1,412 Mil.
Gross Profit was 円1,104 Mil.
Total Current Assets was 円862 Mil.
Total Assets was 円902 Mil.
Property, Plant and Equipment(Net PPE) was 円13 Mil.
Depreciation, Depletion and Amortization(DDA) was 円5 Mil.
Selling, General, & Admin. Expense(SGA) was 円1,003 Mil.
Total Current Liabilities was 円266 Mil.
Long-Term Debt & Capital Lease Obligation was 円454 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(198.612 / 2122.79) / (104.402 / 1412.031)
=0.093562 / 0.073937
=1.2654

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(1103.633 / 1412.031) / (1729.869 / 2122.79)
=0.781593 / 0.814903
=0.9591

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (1042.193 + 62.233) / 1219.169) / (1 - (862.308 + 13.084) / 901.717)
=0.094116 / 0.029194
=3.2238

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=2122.79 / 1412.031
=1.5034

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(5.338 / (5.338 + 13.084)) / (10.609 / (10.609 + 62.233))
=0.289762 / 0.145644
=1.9895

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(1398.319 / 2122.79) / (1003.453 / 1412.031)
=0.658718 / 0.710645
=0.9269

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((375.971 + 419.211) / 1219.169) / ((454.019 + 265.656) / 901.717)
=0.652233 / 0.798116
=0.8172

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(241.942 - 0 - 246.53) / 1219.169
=-0.003763

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Branu has a M-score of -0.74 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -0.74 mean?
Branu (TSE:460A) has a Beneish M-Score of -0.74 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Branu and its competitors. According to the industry distribution chart, Branu ranks #2387 out of 2634 companies in the Software industry, placing it in the top 90.6%.
Is Branu's Beneish M-Score too high?
Branu's current Beneish M-Score is -0.74. Based on the distribution chart, Branu ranks #2387 out of 2634 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Branu has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Branu's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Branu ranks #2387 out of 2634 companies for Beneish M-Score. This places Branu in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Software company?
A good Beneish M-Score depends on the Software industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Branu and its competitors. Branu's current Beneish M-Score is -0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Branu stock overvalued right now?
Branu (TSE:460A) has a current Beneish M-Score of -0.74. The current Beneish M-Score is -0.74. Branu's overall GF Score™ is 17/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Branu (TSE:460A), the current Beneish M-Score is -0.74 as of Jun. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Branu Business Description

Address 6-1-24 Roppongi, Minato-ku, Rapiros Roppongi 4th floor, Tokyo, JPN, 106-0032
Branu Inc is a Japan-based company specializing in digital solutions providing to the construction industry. It focuses on transforming the industrial structure of small and medium-sized construction companies through technology. The company is working on its "CAREECON Platform," which consists of the construction matching media "CAREECON" and the integrated business tool "CAREECON Plus".
17GF Score

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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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